Home Contact Us

ADVERTISEMENT

I read it. It's actually about corporatism. It's a good article, - but I was trying to make the point that the

Posted: Dec 6th, 2017 - 12:03 pm In Reply to: The article is actually about capitalism gone - awry in this country.

US is not a purely capitalist country anymore. Some of the tax info is misleading on the 50k tax rate.

If you had $50,000 of taxable income, you’d pay 10% on that first $9,325 and 15% on the chunk of income between $9,326 and $37,950.

And then you’d pay 25% on the rest, because some of your $50,000 of taxable income falls into the 25% tax bracket.

The total bill would be about $8,200 — about 16% of your taxable income, even though you’re in the 25% bracket.

ADVERTISEMENT

Post A Reply Reply By Email Options

Use Rich Text Editor with Full Options CLOSE

Edit/Delete Message

Report this message

Complete Discussion Below: (

marks the location of current message within thread)

Plunder Capitalism at it's - finest (Views: 1093, 2017-12-05, 9:04 am)
- I agree with him, America is not a capitalist country anymore. - creeping socialism is one of our major (Views: 468, 2017-12-06, 4:47 am)
  - I don't believe you understand the article - at all. This has nothing (Views: 276, 2017-12-06, 7:00 am)
- I know it was about the tax rate. I was just adding my - opinion. 50% of the people in this (Views: 265, 2017-12-06, 10:45 am)
  - The article is actually about capitalism gone - awry in this country. (Views: 366, 2017-12-06, 11:31 am)
    - I read it. It's actually about corporatism. It's a good article, - but I was trying to make the point that the
      - So many things about the tax code cause prices to go up, - like mortgage interest tax breaks (Views: 318, 2017-12-06, 3:29 pm)